Wallbridge Mining Intersects 17.8 metres of Sulphides on Parkin Property in Sudbury

Wallbridge Mining Intersects 17.8 metres of Sulphides on Parkin Property in
Sudbury

TORONTO, Nov. 2 /PRNewswire-FirstCall/ - Wallbridge Mining Company Limited
(TSX:WM; FWB: WC7) ("Wallbridge") today announced that copper-nickel sulphide
mineralization has been intersected in diamond drill hole WMM-014 on its
Parkin Joint Venture property in Sudbury. The 17.8 metre intersection was made
while targeting an off-hole UTEM-4 electromagnetic survey anomaly detected in
diamond drill hole WMM-010 and confirmed by a survey in WMM-010W1, the first
wedge-cut from WMM-010 (see Wallbridge press release dated July 30, 2009).
Sulphide mineralization was intersected across a continuous zone between 1496
metres and 1514 metres down hole. The true width of the intercept can not be
determined at this time, but due to the steep dip of the hole is expected to
be significantly less than the core length.
The intersection was obtained near the up-dip end of the interpreted UTEM-4
conductor. Further geophysics and drilling will be required to define the full
extent and geometry of the mineralized zone.
The mineralized zone, as intersected in WMM-014, consists of a polymict
breccia termed "inclusion quartz diorite" that has been cemented by massive
chalcopyrite-pyrrhotite-pentlandite stringers comprising up to an estimated 25
volume percent of the core over the entire intersection. Breccia clasts are
partially replaced by fine-grained disseminated chalcopyrite and lesser
pyrrhotite and pentlandite.
The intersection was made on Wallbridge's 100% owned Milnet Mine property,
which is under joint venture to Impala Platinum Holdings Limited ("Impala"),
the world's second largest primary platinum producer. , which is earning an
interest in the property.
Impala Platinum Holdings ("Impala") can earn a 50% interest in the Parkin
Offset Dyke property package by spending $5 million over a three year period.
Impala can then increase its interest to 65% by funding a Feasibility Study
and securing Wallbridge's portion of the development funding through to
commercial production on a project loan basis (See Wallbridge press release
dated August 26, 2008).
The property package optioned to Impala covers a 9.4 kilometre strike length
of the Parkin Offset Dyke and includes a southern block of claims held 98.5%
by Wallbridge and 1.5% by Xstrata Nickel, a northern block of claims, which is
subject to an option and joint venture agreement between Wallbridge and
Champion Bear Resources (See map on Wallbridge's website at
www.wallbridgemining.com
The Qualified Person responsible for the technical content of this press
release is Bruce Jago, PhD. P.Geo, Vice-President, Exploration of Wallbridge
Mining Company Limited.

About Wallbridge Mining Company Limited

Wallbridge Mining Company Limited's primary focus is the exploration of
nickel, copper and platinum group element ("PGE") deposits in the Sudbury area
of Ontario. The Sudbury area hosts the world's largest concentration of nickel
deposits and is currently the most active mining camp in North America. Major
joint venture partners in Sudbury include Vale Inco, Xstrata Nickel, Lonmin
Plc. and Impala Platinum Holdings Limited. Wallbridge also has a major
shareholding in Duluth Metals Limited, which has defined a large
copper-nickel-PGE resource in the rapidly emerging Duluth Complex base metal
camp in Minnesota. Wallbridge is also exploring a large porphyry
copper-gold-molybdenum property in south-western British Columbia and has
interests in copper-zinc and gold properties in north-eastern Ontario.

This document may contain forward-looking statements relating to Wallbridge's
operations or to the environment in which it operates. Such statements are
based on operations, estimates, forecasts and projections. They are not
guarantees of future performance and involve risks and uncertainties that are
difficult to predict and may be beyond Wallbridge's control. A number of
important factors could cause actual outcomes and results to differ materially
from those expressed in forward-looking statements, including those set forth
in other public filings. In addition, such statements relate to the date on
which they are made. Consequently, undue reliance should not be placed on such
forward-looking statements. Wallbridge disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, save and except as may be required by
applicable securities laws.

SOURCE Wallbridge Mining Company Limited

Please visit the Company's website at www.wallbridgemining.com, or contact:
Wallbridge Mining Company Limited, Alar Soever, President, Tel: (705)
682-9297, Email: asoever@wallbridgemining.com; Mara Strazdins, Vice-President,
Investor Relations, Tel: (416) 369-1500 ext 222, Email:
mstrazdins@wallbridgemining.com